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200206065 (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (It) any amnunla under Section 3 of this Security Instrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 ct seq.) and its Implementing regulation, Regulation X (24 C.F.A. Par( 3500). as they might be amended from time to time, many additional or successor legislation or regulation that governs the same subject natter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions Out are imposed in regard to a "federally related mmigage roan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any party that has taken title to the Pnoperty. whether or out [hat party has assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY Tire beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MFRS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals. extensions and modifications of the Note; and (it) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose. Burrower ilrevmably grants and conveys to Trustee, in trust, with power of sale„ the following described property located in the County of )M MXXX HALL Hype d lk-O imt J.dwhcnaal IName "f Rmxbinxhai"aiaonl All that certain parcel of land situate in the County of Hall, State of Nebraska, being known and designated as metes and bounds property as more fully described in Instrument No. 95- 106960, recorded 10/13/95. commonly shown Aar 404 N. 1 ST Tax iD 400163269 Part of Lot 7 of the County Subdivision of putt ofthe South half of Section 5, Township 9 North, Range 9 West ofthe 6th P.M., Hall County, Nebraska, more particularly described as follows, lo-wit Beginning at a point 28.1 feel West ofthe Northeast comer of said Lot 7, thence running Southerly along and upon a line 28.01 feet West ofi nd parallel to (he East lim of said Lot 7, a distance of 181.0 feet; thence running Westerly parallel to the North line of said Lot 7, a distance of 327.0 feet, thence running Northerly parallel to the East line of said LM 7, a distance of 181.0 fat; thence running Easterly along and upon the North line of said W 7, a distance of 327.0 feet to place of beginning Parcel ID Number: 400183269 which currently has the address of 404 N 1 St, IsuO'tl ['oniphan nTyi, Nebraska aaerz ssso 121p CAA ( "Property Address'): TOGETHER WITH all the Improvements now or hereafter cremed on the property, and all easements, appurtenances, and futures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. AB of the foregoing is referred to In this Security Instrument as the "Property." Borrower understands and agrees gat MFRS holds only legal title to the interest granted by Burrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those Interests, including, but not limited lo, the right no foreclose and sell the Property' and to take any action required of Lender including, but not limited m, releasing and canceling this Security IrethosenL - -z / 8a(w) moos) ss.ra,s Form 9020 1101